US Rig Count Drops by Eight
The U.S. dropped six oil rigs and two gas rigs for a net loss of eight rigs this week, according to Baker Hughes, a GE Company. The U.S. dropped six Continue Reading
U.S. Shale Oil In Trouble As Production Stalls After Two Years Of Significant Growth
Has U.S. shale oil production stalled? Well, it seems so. After experiencing significant growth in 2017 and 2018, U.S. shale production in the first five months of this year has Continue Reading
Oil and Gas Bankruptcies Grow as Investors Lose Appetite for Shale
The pressures are due to companies struggling to service debt and secure new funding, as investors question the shale business model. Many drillers financed production growth by becoming deeply indebted, Continue Reading
U.S. Shale Oil In Trouble As Production Stalls After Two Years Of Significant Growth
Has U.S. shale oil production stalled? Well, it seems so. After experiencing significant growth in 2017 and 2018, U.S. shale production in the first five months of this year has Continue Reading
Weakening Shale Productivity “VERY Bullish” For Oil Prices
After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of the road on well productivity. Continue Reading
Permian Child Wells May Cut Oil Recovery By 20 Percent
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by Continue Reading
Despite Bankruptcies, US Shale is Not Doomed
Recent bankruptcies affecting shale companies does not indicate future doom for the industry, according to Rystad Energy. While news of bankruptcies among U.S. onshore exploration and production (E&P) companies seems Continue Reading
You’re Footing The Bill For Bankrupt Shale Drillers
A wave of oil and gas wells abandoned by bankrupted drillers could cost the U.S. government hundreds of millions of dollars. A new report from the U.S. Government Accountability Office Continue Reading
US Shale Won’t Go Bankrupt
Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the shale industry going Continue Reading
U.S. oil drillers cut rigs for fourth week in a row: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row, putting the rig count down for an eighth consecutive month as Continue Reading